Financial Instruments
At MaxInvest Bank, we navigate the complexities of financial markets with you, offering secure, tailored financial solutions for your peace of mind and prosperity.
Types of Bank Guarantees
We welcome our clients with several types of bank guarantees, each with specific characteristics and purposes depending on the needs and requirements of commercial or financial transactions. Here are some of the most common types of bank guarantees:
This type of bond is issued to ensure that a certain obligation will be fulfilled according to the contractual terms and conditions. For example, in the case of a construction contract, the performance bond protects the beneficiary if the contractor fails to fulfill its contractual obligations.
This guarantee is issued to ensure payments to a beneficiary in accordance with the terms and conditions of a contract or agreement. It is used to guarantee that payments will be made properly and on time.
It is a form of guarantee issued by a bank to ensure the return of an advance paid by a beneficiary if the contractual conditions are not met by the beneficiary. This type of guarantee provides protection against the loss of the advance paid if the contract is not performed as expected.
It is issued to ensure that the final retentions of payments will be made in accordance with the contractual terms and conditions. This guarantee protects the beneficiary if the final payments are delayed or not made according to the contract.
Is issued during the bidding process to ensure that the selected bidder will accept and sign the contract if awarded the bid. If the successful bidder refuses to sign the contract, the bid bond may be retained by the beneficiary as compensation for the time and resources invested in the bidding process.
